After 2 years of dramatic growth, activity in the carbon capture industry is starting to slow down. Here's what you need to know: 🥇 The US remains the top player with 39% market share of proposed carbon capture capacity by 2035 💰 Investment in carbon capture projects and technologies in 2023 reached $11.3B 📈 Nearly 424 million metric tons per annum of CO2 capture capacity is slated to come online by 2035 More from BNEF. ⬇️ https://bloom.bg/45wvW5E
How will this even move the needle on the annual CO2 emissions, which stands at circa 39 B tonnes? Should we not be focussed on abating the flows?
Interesting, is the market already approaching its full potential or is it only a short slow down in new projects?